GDP Growth of India
Source | Ministry of Statistics and Programme Implementation : (2004-17), (2017-20) |
World Bank | |
IMF World Economic Outlook (October-2020) | |
Date | 31 Dec 2020 |
According to the IMF World Economic Outlook (October-2020), GDP growth rate of India in 2020 is projected at -10.29%. India is at 164th position out of 193 economies. India has the 2nd lowest growth rate among top ten largest economies after Italy and 3rd lowest among trillion-dollar economy after Italy and Spain.
India was among top ten growing economies in two years 2016 (6th out of 202) and 2015 (10th out of 203).
Real GDP growth or Gross Domestic Product (GDP) growth of India at constant (2011-12) prices in the year 2019-20 is estimated at 4.18 percent as compared to the growth rate of 6.12 percent in 2018-19. The growth in gross domestic product was slowest since 2009-10 and 2nd lowest in 2011-12 series available since 2004-05. The previous low was 3.09% in 2008-09.
GVA growth rates of the Agriculture & allied, Industry, and Services sector are 4.05%, 0.92%, and 5.55% respectively. India has registered highest growth of 9.96% in 'Public Administration, defence and other services' sector and lowest 0.03% in 'Manufacturing' sector. Overall GVA growth at constant prices is 3.89%.
With GDP growth rates of 3.89% at current prices in 2019-20, India has recored lowest nominal growth rate in 2011-12 series. Even in 2004-05 series, it is lowest since 1975-76. GVA growth rates of the Agriculture & allied, Industry, and Services sector are 11.45%, 1.68%, and 8.48%, respectively. Overall GVA growth at current prices is 7.02%.
In 2004-05 series, Average growth rate from 1951 to 2014 stands at 4.96%, reaching an all time high of 10.16% in 1988-89 and a record low of -5.2% in the 1979-80. In 4 years, Growth was negative.
- GDP growth (2011-12 series)
- GDP per capita growth (2011-12 series)
Year | Growth rate (%) at 2011-12 prices | Growth rate (%) at current prices (%) | ||||||
---|---|---|---|---|---|---|---|---|
GDP | GVA | GNI | NNI | GDP | GVA | GNI | NNI | |
2005-06 | 7.92 | 8.28 | 7.90 | 7.74 | 13.99 | 14.55 | 13.97 | 13.99 |
2006-07 | 8.06 | 8.05 | 7.99 | 7.83 | 17.14 | 17.37 | 17.07 | 17.27 |
2007-08 | 7.66 | 7.38 | 8.05 | 7.77 | 15.14 | 14.99 | 15.56 | 15.49 |
2008-09 | 3.09 | 4.31 | 2.91 | 2.24 | 12.56 | 15.20 | 12.36 | 11.87 |
2009-10 | 7.86 | 6.86 | 7.86 | 7.53 | 15.46 | 15.51 | 15.46 | 15.35 |
2010-11 | 8.50 | 8.03 | 7.96 | 7.83 | 19.92 | 18.56 | 19.35 | 19.84 |
2011-12 | 5.24 | 5.22 | 5.45 | 5.00 | 14.43 | 14.45 | 14.65 | 14.59 |
2012-13 | 5.46 | 5.42 | 5.14 | 4.54 | 13.82 | 13.52 | 13.49 | 13.23 |
2013-14 | 6.39 | 6.05 | 6.31 | 5.98 | 12.97 | 12.61 | 12.89 | 12.91 |
2014-15 | 7.41 | 7.15 | 7.48 | 7.53 | 10.99 | 11.01 | 11.06 | 10.92 |
2015-16 | 8.00 | 8.03 | 7.99 | 8.02 | 10.46 | 9.30 | 10.48 | 10.79 |
2016-17 | 8.26 | 7.97 | 8.27 | 8.21 | 11.76 | 11.06 | 10.76 | 10.94 |
2017-18 | 7.04 | 6.59 | 7.12 | 7.03 | 11.09 | 11.08 | 12.18 | 12.28 |
2018-19 | 6.12 | 6.04 | 6.14 | 5.88 | 10.95 | 10.49 | 10.97 | 10.82 |
2019-20 | 4.18 | 3.89 | 4.17 | 4.20 | 7.21 | 7.02 | 7.19 | 7.21 |
Year | Per capita Growth rate (%) at 2011-12 prices | Per capita Growth rate (%) at current prices (%) | ||||
---|---|---|---|---|---|---|
GDP | GNI | NNI | GDP | GNI | NNI | |
2005-06 | 6.27 | 6.24 | 6.09 | 12.24 | 12.22 | 12.24 |
2006-07 | 6.52 | 6.45 | 6.29 | 15.47 | 15.39 | 15.59 |
2007-08 | 6.15 | 6.53 | 6.26 | 13.52 | 13.93 | 13.87 |
2008-09 | 1.66 | 1.48 | 0.83 | 11.00 | 10.81 | 10.32 |
2009-10 | 6.39 | 6.38 | 6.06 | 13.88 | 13.88 | 13.77 |
2010-11 | 7.03 | 6.51 | 6.38 | 18.30 | 17.74 | 18.22 |
2011-12 | 2.31 | 2.51 | 2.08 | 11.24 | 11.46 | 11.39 |
2012-13 | 4.18 | 3.86 | 3.27 | 12.44 | 12.11 | 11.85 |
2013-14 | 5.02 | 4.95 | 4.63 | 11.52 | 11.44 | 11.46 |
2014-15 | 6.05 | 6.12 | 6.17 | 9.59 | 9.66 | 9.52 |
2015-16 | 6.65 | 6.65 | 6.67 | 9.08 | 9.11 | 9.41 |
2016-17 | 6.92 | 6.94 | 6.88 | 10.38 | 9.40 | 9.57 |
2017-18 | 5.82 | 5.89 | 5.81 | 9.82 | 10.90 | 11.00 |
2018-19 | 5.08 | 5.10 | 4.85 | 9.87 | 9.88 | 9.74 |
2019-20 | 3.09 | 3.08 | 3.12 | 6.09 | 6.07 | 6.09 |
- GDP growth
- GDP per capita growth
Year | GDP Growth rate(%) |
---|---|
2020 | -10.289 |
2021 | 8.804 |
2022 | 7.986 |
2023 | 7.632 |
2024 | 7.411 |
2025 | 7.182 |
Year | Growth rate (%) | Rank/Total | ||
---|---|---|---|---|
Growth | Per capita growth | GDP | GDP per capita | |
1961 | 3.723 | 1.670 | 57/93 | 55/93 |
1962 | 2.931 | 0.861 | 73/96 | 72/96 |
1963 | 5.994 | 3.836 | 40/96 | 40/96 |
1964 | 7.453 | 5.250 | 32/96 | 32/96 |
1965 | -2.636 | -4.640 | 92/96 | 92/96 |
1966 | -0.055 | -2.116 | 87/102 | 85/102 |
1967 | 7.826 | 5.595 | 21/105 | 17/105 |
1968 | 3.388 | 1.226 | 76/106 | 77/106 |
1969 | 6.540 | 4.270 | 44/108 | 48/108 |
1970 | 5.157 | 2.864 | 63/108 | 64/108 |
1971 | 1.643 | -0.626 | 99/121 | 102/121 |
1972 | -0.553 | -2.816 | 108/121 | 111/121 |
1973 | 3.296 | 0.919 | 86/121 | 89/121 |
1974 | 1.185 | -1.147 | 104/121 | 108/121 |
1975 | 9.150 | 6.645 | 14/123 | 18/123 |
1976 | 1.663 | -0.653 | 99/125 | 102/125 |
1977 | 7.255 | 4.825 | 35/127 | 40/127 |
1978 | 5.713 | 3.323 | 59/132 | 67/132 |
1979 | -5.238 | -7.388 | 126/132 | 123/132 |
1980 | 6.736 | 4.299 | 36/133 | 40/133 |
1981 | 6.006 | 3.571 | 36/144 | 45/144 |
1982 | 3.476 | 1.094 | 47/148 | 56/148 |
1983 | 7.289 | 4.828 | 14/151 | 15/151 |
1984 | 3.821 | 1.464 | 75/151 | 84/151 |
1985 | 5.254 | 2.902 | 38/154 | 47/154 |
1986 | 4.777 | 2.475 | 56/155 | 60/155 |
1987 | 3.965 | 1.719 | 67/159 | 75/159 |
1988 | 9.628 | 7.299 | 22/162 | 28/162 |
1989 | 5.947 | 3.734 | 37/164 | 45/164 |
1990 | 5.533 | 3.365 | 44/165 | 53/165 |
1991 | 1.057 | -0.984 | 108/175 | 107/175 |
1992 | 5.482 | 3.390 | 52/176 | 52/176 |
1993 | 4.751 | 2.707 | 55/179 | 59/178 |
1994 | 6.659 | 4.606 | 34/181 | 40/180 |
1995 | 7.574 | 5.530 | 27/183 | 39/182 |
1996 | 7.550 | 5.530 | 30/189 | 40/189 |
1997 | 4.050 | 2.123 | 101/189 | 106/189 |
1998 | 6.184 | 4.249 | 39/191 | 51/191 |
1999 | 8.846 | 6.898 | 16/192 | 19/192 |
2000 | 3.841 | 2.021 | 109/193 | 124/193 |
2001 | 4.824 | 3.027 | 55/197 | 66/197 |
2002 | 3.804 | 2.065 | 87/198 | 80/198 |
2003 | 7.860 | 6.094 | 31/203 | 32/203 |
2004 | 7.923 | 6.194 | 40/203 | 46/203 |
2005 | 7.923 | 6.232 | 34/204 | 39/204 |
2006 | 8.061 | 6.403 | 42/204 | 47/204 |
2007 | 7.661 | 6.048 | 52/205 | 55/205 |
2008 | 3.087 | 1.588 | 120/203 | 116/203 |
2009 | 7.862 | 6.351 | 18/204 | 11/204 |
2010 | 8.498 | 7.042 | 23/204 | 23/204 |
2011 | 5.241 | 3.894 | 75/204 | 71/204 |
2012 | 5.456 | 4.165 | 51/204 | 47/204 |
2013 | 6.386 | 5.135 | 33/204 | 21/204 |
2014 | 7.410 | 6.187 | 14/205 | 10/205 |
2015 | 7.996 | 6.797 | 9/204 | 8/204 |
2016 | 8.256 | 7.083 | 7/203 | 6/203 |
2017 | 7.044 | 5.912 | 18/203 | 13/203 |
2018 | 6.120 | 5.024 | 30/201 | 21/201 |
2019 | 4.181 | 3.129 | 59/188 | 49/188 |
Year | GDP Growth rate(%) | |
---|---|---|
2004-05 prices | current prices | |
2013-14 | 4.74 | 11.54 |
2012-13 | 4.47 | 11.88 |
2011-12 | 6.69 | 15.77 |
2010-11 | 8.91 | 18.66 |
2009-10 | 8.59 | 15.18 |
2008-09 | 6.72 | 15.75 |
2007-08 | 9.32 | 15.91 |
2006-07 | 9.57 | 16.60 |
2005-06 | 9.48 | 14.10 |
2004-05 | 7.05 | 13.16 |
2003-04 | 7.97 | 12.03 |
2002-03 | 3.88 | 7.75 |
2001-02 | 5.39 | 8.72 |
2000-01 | 4.15 | 7.67 |
1999-00 | 8.00 | 11.35 |
1998-99 | 6.68 | 15.28 |
1997-98 | 4.30 | 11.20 |
1996-97 | 7.97 | 16.38 |
1995-96 | 7.29 | 17.08 |
1994-95 | 6.39 | 16.80 |
1993-94 | 5.68 | 16.23 |
1992-93 | 5.36 | 14.70 |
1991-92 | 1.43 | 15.37 |
1990-91 | 5.29 | 16.49 |
1989-90 | 6.13 | 15.20 |
1988-89 | 10.16 | 19.34 |
1987-88 | 3.53 | 13.36 |
1986-87 | 4.31 | 11.50 |
1985-86 | 4.16 | 11.74 |
1984-85 | 3.96 | 12.30 |
1983-84 | 7.85 | 16.97 |
1982-83 | 2.92 | 11.72 |
1981-82 | 5.63 | 17.08 |
1980-81 | 7.17 | 19.51 |
1979-80 | -5.20 | 9.12 |
1978-79 | 5.50 | 7.47 |
1977-78 | 7.47 | 14.13 |
1976-77 | 1.25 | 7.49 |
1975-76 | 9.00 | 6.21 |
1974-75 | 1.16 | 17.71 |
1973-74 | 4.55 | 22.55 |
1972-73 | -0.32 | 10.00 |
1971-72 | 1.01 | 6.40 |
1970-71 | 5.01 | 6.38 |
1969-70 | 6.52 | 9.97 |
1968-69 | 2.61 | 5.46 |
1967-68 | 8.14 | 17.52 |
1966-67 | 1.02 | 13.82 |
1965-66 | -3.65 | 4.71 |
1964-65 | 7.58 | 16.83 |
1963-64 | 5.06 | 14.29 |
1962-63 | 2.12 | 6.93 |
1961-62 | 3.10 | 5.53 |
1960-61 | 7.08 | 9.47 |
1959-60 | 2.19 | 5.04 |
1958-59 | 7.59 | 11.86 |
1957-58 | -1.21 | 2.23 |
1956-57 | 5.69 | 19.38 |
1955-56 | 2.56 | 1.61 |
1954-55 | 4.25 | -6.06 |
1953-54 | 6.09 | 8.89 |
1952-53 | 2.84 | -1.38 |
1951-52 | 2.33 | 5.58 |